• 1. Which of the limits the usefulness of surveys for finding a demand curbe
• a. Surveys identify a relationship that combines supply and demand
• b. rveys must be combined with other advertising
• c. Survey only give information at one point in time
• d. Surveys  respondents may offer from most customers in their willingness to pay
• 2. If all factors that shift the demand curve were constant and yet prices and quantities changed, what would be identified in regression of price on quantity
• a) The demand curve
• B) The supply curve
• C) Both the demand curve and the supply curve
• D) Neighter  the demand nor the supply curve

 

4) which o the following statement is NOT trued

A) The cost of inputs which are impossible to adjust in the short run can be a source of fixed costs

b) total fixed costs equal total costs minus total variable costs

C) Total fixed costs are the same at all production levels

D ) Total fixed costs depends on the price of the output produced.

 

5) What quality of output maximizes profits

The quality at which marginal cost equals marginal revenue

The largest quantity possible

The quantity at which total revenue is maximized

The quantity at which total fixed costs equals total variable costs

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Status NEW Posted 05 Sep 2017 12:09 PM My Price 6.00

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